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China is ready to cooperate with the United States in the fight against chip shortages
Eliminating the shortage of semiconductor components requires coordinated actions not only of the largest companies, but also of many countries. The United States so far relies primarily on Taiwan to solve the problem, but neighboring China is also ready to lend a helping hand to its political opponent, according to an official statement from the China Semiconductor Industry Association (CSIA).
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The Chinese side proposed, according to Bloomberg, to hold meetings twice a year with the participation of representatives of ten companies from China and the United States, respectively, to help resolve problems with the supply of semiconductor components. The meetings will also discuss related issues, for example, export restrictions and information security technologies.
Among others, the CSIA includes the Chinese companies SMIC, Huawei and Tsinghua Unigroup, which form the vanguard of the local semiconductor industry. News of the readiness of the Chinese side to cooperate with American partners has already caused an increase in the share price of SMIC by 12%. Representatives of the international association SIA have not yet reacted in any way to this initiative. This alliance includes many US semiconductor companies: Intel, AMD, NVIDIA, Qualcomm, IBM, Micron, Western Digital Corporation, Xilinx and Texas Instruments.
Until now, the United States has tried to establish a dialogue in the mainstream of combating the shortage of components only with Taiwanese manufacturers, but the same Qualcomm is a client of the Chinese company SMIC, which at the end of last year fell under American sanctions. It remains to be seen whether the situation in the semiconductor industry will become a hostage to the foreign policy ambitions of the two countries.